(MENAFN- Kuwait News Agency (KUNA)) KUWAIT, Feb 12 (KUNA) -- Kuwait crude oil price went down by USD 21 cents to settle at USD 54.86 pb Tuesday compared to USD 55.07 pb the day before, Kuwait Petroleum Corporation (KPC) said on Wednesday.
In the global markets, the American energy department cut international demand projections this year by 310,000 bpd, driven by decline in crude oil consumption in China, the world's second largest economy, in the wake of the Coronavirus outbreak. (end)
km.nhq
MENAFN1202202000710000ID1099690563
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.